This sum can be added to the more than $3.1 billion that Israeli startups raised in the first half of 2018.

TEL AVIV (TNS) - Israeli startups raised over $650 million in July, according to press releases issued by companies that have completed financing rounds. The figure may be more as some companies prefer not to publicize the investments they have received.

The largest amount raised in July was $125 million by Trax Image Recognition. There were other large financing rounds including $83 million raised by insurtech company Next Insurance, $55 million raised by advanced 3D content capture and sharing technologies Mantis Vision and $50 million raised by team management software provider Monday.

Other major financing rounds in July included $33 million raised by cybersecurity company ObserveIT, $30 million raised by big data company Thetaray and $28 million raised by facial recognition company AnyVision.